Wednesday, October 25, 2006

Riverbed Adds 300 Customers in Q3

Riverbed Technology reported Q3 revenue of $24.6 million, which represents a sequential increase of 36% from the immediately preceding quarter and a year-over-year increase of 247% from the third quarter of last year. The net loss on a GAAP basis for the third quarter of 2006 was $3.1 million, or $0.16 per share, compared to a net loss of $6.1 million in the second quarter of 2006 and a net loss of $3.9 million in the third quarter of 2005. Riverbed's third quarter of 2006 GAAP results included $2.1 million of non-cash stock-based compensation expenses related to employee stock options.

Riverbed added approximately 300 new customers in Q3, bringing its cumulative customer total to over 1,300 since it began shipping Steelhead wide-area data services (WDS) appliances in mid-2004.